Within the context of the electrical circuit modeling of batteries, this paper proposes an improvement of the most common electric equivalent circuit used for Lithium cells. The main improvement is based on the modeling of the so-called charge redistribution phenomenon that characterizes the dynamic voltage during charging/discharging and relaxation phases. In particular, the aim of the paper is to prove that the model recently proposed by the Authors to represent the same phenomenon in supercapacitors, can be extended also to Lithium batteries. The proposed model is validated by means of experimental results carried out on a 30 Ah 2.3 V Lithium-Titanate cell with reference to different charge/discharge cycles.